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Feb 19, 2013
02/13
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that in turn reduces the amount of spending consumers willing to push back on the economy. i think it's going to be rough waters for the next near term. i would not hold my breath for $2 gasoline. >> understood. thank you. incredible stat, almost 4% was spent on gasoline. >>> all right. electric cars. maybe they could be the answer to higher gas prices if they can live up to expectation and we can get good range out of the battery. the week after the tesla test controversy in "the new york times" our own phil lebeau gets behind the wheel of tesla model s. driving d.c. to boston, pulled beside him on the turnpike, i gave him the one lap to go because i was jealous of his assignment. i am waving. i didn't text and drive. i was in a taxi. i almost drove into phil. the car looks great. you look good, too. >> thank you. so you know my photographer bob pollack saw somebody waving from a car, delivery car and goes who is the crazy man. we got up and said, hey, what's going on. you did look crazy. >> thank you. >> show you while we're here in milford, connecticut, tesla super charg
that in turn reduces the amount of spending consumers willing to push back on the economy. i think it's going to be rough waters for the next near term. i would not hold my breath for $2 gasoline. >> understood. thank you. incredible stat, almost 4% was spent on gasoline. >>> all right. electric cars. maybe they could be the answer to higher gas prices if they can live up to expectation and we can get good range out of the battery. the week after the tesla test controversy in...
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Feb 18, 2013
02/13
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and i believe that advanced economies, systemically important economies must be sensitive to the lower impact of their policies. >> also speaking on the sidelines of the g-20, australia's deputy prime minister dismissed talk of a currency war, but did admit that a stopping aussie/dollar is a concern and key to australia's economy. >> we saw a huge crash in commodity prices in the second half of last year and that relied heavily on our revenues. and part and parcel of all of that was doubts about the future of chinese growth. but if the chinese economy is growing 7.5% or 8%, that's still very strong growth. it's good news not just for australia, not just for the region, but for the global economy. the chinese economy is something like 40% larger than it was at the end of the 2007 when it was growing at 10. so with an economy growing at 8 or just below 8, it's still making a significant contribution to global growth. >> have we got a better balance now in terms of austerity versus growth in terms of a coordinated g-20 agenda? >> look, i was pleased to hear the discussion about the econom
and i believe that advanced economies, systemically important economies must be sensitive to the lower impact of their policies. >> also speaking on the sidelines of the g-20, australia's deputy prime minister dismissed talk of a currency war, but did admit that a stopping aussie/dollar is a concern and key to australia's economy. >> we saw a huge crash in commodity prices in the second half of last year and that relied heavily on our revenues. and part and parcel of all of that was...
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Feb 21, 2013
02/13
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we're expecting the eurozone economy to contract another 10.2% this year. that's not that far away from the consensus. we expect that you get continued divergence within the eurozone and germany, which had a very soft patch at the end of the last year is picking up and that's supported by the pmi data whereas other economies in europe are stag nating or weakening. >> wouldn't it be easier if they were all stag nating or weak? even if germany is weak, the central bank can come in and say we have to be more accommodating. but if they're holding in okay, that puts more of the onus on the periphery or even france, that means the economies would like more saurt and might not get it. >> but this divergence in europe is part of the recovery process. germany needs to see stronger than after growth at other countries effectively deflate in order to get these big imbalances to reverse over time. and that's really part of the recovery process. we don't think that the european economy itself needs to be strong for european equities to perform well. let's face it, last
we're expecting the eurozone economy to contract another 10.2% this year. that's not that far away from the consensus. we expect that you get continued divergence within the eurozone and germany, which had a very soft patch at the end of the last year is picking up and that's supported by the pmi data whereas other economies in europe are stag nating or weakening. >> wouldn't it be easier if they were all stag nating or weak? even if germany is weak, the central bank can come in and say...
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Feb 22, 2013
02/13
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so it's always relevant to economies in europe. they are facing an overshoot of the exchange rate, but it is too high for their purpose. that is going to bring the tension back into euro net. >> and speaking of italy, we79 to remind folks what else is coming up on today's program. the final countdown is under way for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had
so it's always relevant to economies in europe. they are facing an overshoot of the exchange rate, but it is too high for their purpose. that is going to bring the tension back into euro net. >> and speaking of italy, we79 to remind folks what else is coming up on today's program. the final countdown is under way for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is...
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Feb 19, 2013
02/13
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economy in particular, it's the service sector. manufacturing is a sentinel part of our economy that gives us guidance down the road. what do i see when i look at those type of numbers globally? i see auto sales in europe down to 23-year lows. i see the good things in the economy are what businesses are doing to some extent. maybe private equity, maybe lbos, but at the epicenter of this are clean corporate balance sheets. certainly they've gotten clean. they've had the liquidity to scrub a dub dub all they want. what are we going to look for down the road in the future? i see things like t tea party express moving across the country and you don't read about them much in the media because they know the media is not going to give them gat coverage. they've go the gone statewide, states, gornors, that's the road they've taken. they might not be in themedia, but look at some of tse mor sconrviv statend inabt il lebu, dvi across country in a vehicle with a 7,500 tax credit making phone calls to see if it's too cold, make sure he can hit
economy in particular, it's the service sector. manufacturing is a sentinel part of our economy that gives us guidance down the road. what do i see when i look at those type of numbers globally? i see auto sales in europe down to 23-year lows. i see the good things in the economy are what businesses are doing to some extent. maybe private equity, maybe lbos, but at the epicenter of this are clean corporate balance sheets. certainly they've gotten clean. they've had the liquidity to scrub a dub...
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Feb 22, 2013
02/13
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europe is a very tough economy. and we have the highest market share in servers of any competitor in europe, so when europe is soft, we're disproportionately hurt in that business. so we thought it was better to not get out over our skis, you know, one quarter we got three more to go, and we want to make sure we're cautious, and this business changes very rapidly. >> indeed it does. let's get to pcs, because there the changes perhaps happening more rapidly than some had anticipated. sales to consumers down 13%, sales of pcs and notebooks deteriorating quite rapidly, more rapidly than you anticipated. this is a painful transition. how do you manage it and what do you tell people to expect when you're just talking about a unit that does 10% of your operating profit, at 2.7% margins? >> yeah. so there's a couple of reasons we really like this business. and first of all, there is a huge transition taking place. the reason we've never called this business the pc business, we call it the personal systems business. it's an
europe is a very tough economy. and we have the highest market share in servers of any competitor in europe, so when europe is soft, we're disproportionately hurt in that business. so we thought it was better to not get out over our skis, you know, one quarter we got three more to go, and we want to make sure we're cautious, and this business changes very rapidly. >> indeed it does. let's get to pcs, because there the changes perhaps happening more rapidly than some had anticipated. sales...
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Feb 21, 2013
02/13
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economy, which is okay, and the european economy which is contracting further. difference between a federal reserve that may step back from easing and other banks in europe that may have to go further in easing and difference between the eurozone as well itself. so the pmi data that carl refers to indicate that we're still getting the eurozone contracting in the second quarter, but look at the difference now between france and germany. germany is beginning to pull back but these two major economies right at the heart of the eurozone, the two biggest economies going in different directions, the rest of the eurozone falling and france arguably questionably going into a tail spin along with that. so let's work our way through the price action in response to that. yes, if you look at the minors because of what's happening with the feds and metals, you see the mining stocks are in negative territory. it's also time for a lot of europeans to book profits they've had. the french banks, for example, you can see they, too, are coming into negative territory. the question
economy, which is okay, and the european economy which is contracting further. difference between a federal reserve that may step back from easing and other banks in europe that may have to go further in easing and difference between the eurozone as well itself. so the pmi data that carl refers to indicate that we're still getting the eurozone contracting in the second quarter, but look at the difference now between france and germany. germany is beginning to pull back but these two major...
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Feb 19, 2013
02/13
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economy. but this he know it's billions. we've seen estimates from a few billion to as much as $100 billion a year of lost american business because of chinese hacking. and critics of chinese hack ig say what china lacks in innovation it makes up in the intellectual property theft. the cyber security firm mandian says the sure scale and duration of the sustained attacks against a wide set of industries from a singularly identified group in china leaves little doubt about the organization behind the group. they hit 141 organizations in 20 different industries. mandiant says the attacks targeted organizations in the u.s. the chinese defense ministry says the military has never supported any hacker activities but outgoing defense secretary lee on panetta voiced concern that a cyber attack could be crippling. wall street, the financial system, our ability to process credit cards. and earlier this month the president signed an executive order addressing the most basic cyber security needs mentioning this in his states of the unio
economy. but this he know it's billions. we've seen estimates from a few billion to as much as $100 billion a year of lost american business because of chinese hacking. and critics of chinese hack ig say what china lacks in innovation it makes up in the intellectual property theft. the cyber security firm mandian says the sure scale and duration of the sustained attacks against a wide set of industries from a singularly identified group in china leaves little doubt about the organization behind...
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Feb 21, 2013
02/13
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labor secretary to bill clinton and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices. now it's time for the speaker to do the same." then he had a link to an 80-page proposal from september, including war savings, it includes tax reform, which of course they want. it doesn't fully lay it out by any stretch of the imagination. so jay carney was asked what specifically will the white house cut and here's what jay carney said. >> it's in the proposals he submitted to the speaker of the house that the speaker walked away from -- >> where does the president prevent sequestration from happening? shouldn't the president take the lead and present that -- >> well, first of all, congress has to act. >> al
labor secretary to bill clinton and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices....
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Feb 21, 2013
02/13
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now that is money that doesn't go into the economy. now while it's true that they pay more in taxes, the taxes are not in the united states of america what holds up the economy, the earnings and job growth and everything like that holds it up. that is millions and millions of dollars not going into the economy because of things like that. that's just one example. >> give us an example, i you know have our own, you have been married to your partner for quite sometime. you were married in south africa several years ago. how does it impact you personally? >> it impacts me personally it's no secret or you would hope somebody in my position would be a very wealthy woman and when i die if k. t. were still alive or vice versa, k. t. or myself we'll lose over 50% or approximately 50% of our estate to estate taxes. if we were married and recognized on the federal level we would not owe one penny of tax. how would all the heterosexuals that were married if they knew upon the death of one of them if they have a certain size of estate they will lo
now that is money that doesn't go into the economy. now while it's true that they pay more in taxes, the taxes are not in the united states of america what holds up the economy, the earnings and job growth and everything like that holds it up. that is millions and millions of dollars not going into the economy because of things like that. that's just one example. >> give us an example, i you know have our own, you have been married to your partner for quite sometime. you were married in...
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Feb 19, 2013
02/13
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to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now, for two yoers, i've offered a balanced approach outlined itt the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that could achieve the same amount of health care savings by the beginning of the next decade as the reforms that were proposed by the bipartisan simpson-bowles commission. i'm willing to save hundreds of billions of dollars by getting rid of tax loop heels and deductions for the well off and well connected without raising tax rates. i believe such a balanced approach that combines tax reform with some additional spending reforms done in a smart, thoughtful way, is the best way to finish the job of deficit reduction and avoid these cuts once and for all that could hurt our economy, slow our recovery, put people out of work. and most americans agree with me. now, the house and the senate are wo
to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now, for two yoers, i've offered a balanced approach outlined itt the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that could achieve the same amount of health care savings by the beginning of the next decade as the reforms that were proposed by the bipartisan...
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Feb 20, 2013
02/13
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ranking in the same week because they lose to a lesser opponent. number one indiana and victor olo oladipo to victory. magic johnson, part of the broadcast team, compared oladipo to michael jordan and dwyane wade. for the first time in 22 years, indiana beats michigan state on the road. >>> boy, oh, boy. joe johnson the hero for the brooklyn nets last night. he hit not one, but two shots to help his team win in overtime again. that three-pointer forced overtime and then back to john in overtime. he nails this shot for the ball game. the nets, 5-0 in overtime. nba best 10-0 in overtime last season. >>> a bet a bar bet started this this drummond, wisconsin. makeshift barstools race in the snow. use anything around the house you can find, attach it to a bar school and then race to the finish line. >> last year, we were able to do a pinball machine. we like to put unique things that people can't normally get their hands on on skis. >> i talked to a couple
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ranking in the same week because they lose to a lesser opponent. number one indiana and victor olo oladipo to victory. magic johnson, part of the broadcast team, compared oladipo to michael jordan and dwyane wade. for the first time in 22 years, indiana beats michigan state on the road. >>> boy, oh, boy. joe johnson the hero for the brooklyn nets last night. he hit...
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Feb 20, 2013
02/13
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CNN
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they will hurt the economy. they will add 100,000 americans to the unemployment rolls this is not abstract. the unemployment rate might tick up again. >> the president criticized republican ideas because they "ask nothing of the wealthiest americans or big corporations." soledad talked with he sign bowles about preventing deep cuts. he will talk about the bill he drew up. >>> massive protests in athens, groes. two unions are holding a general 24-hour strike. protesting something that people in greece have been furious about. a austerity. >>> all right this is a bumper sticker. a tennessee police officer not an ohio state football fan. he accused the buckeye sticker on their bumper with a pot leaf. bonnie and her husband were driving home from a funeral in ohio when they were pulled over. the officer told the woman she needed to scrape the marijuana sticker off her car. after the couple set the officer straight, he let them go without a ticket. >> the stickers that go on all the ohio state buckeye helmets. >> i w
they will hurt the economy. they will add 100,000 americans to the unemployment rolls this is not abstract. the unemployment rate might tick up again. >> the president criticized republican ideas because they "ask nothing of the wealthiest americans or big corporations." soledad talked with he sign bowles about preventing deep cuts. he will talk about the bill he drew up. >>> massive protests in athens, groes. two unions are holding a general 24-hour strike. protesting...
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Feb 19, 2013
02/13
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threat of these cuts not well thought through, not smart, not fair, hurt our economy. this is not an abstraction. people will lose their jobs. >> that's a shortened version of what the president had to say. let's go in depth with our chief white house correspondent, jessica yellin, who is here. this is a big issue right now. >> it really is, wolf. and it's just ten days now until these forced budget cuts go into effect. top administration officials tell me, if that happens, the president believes the politics are on his side. with congress out of town, president obama took to the bully pulpit, warning about the effects of forced spending cuts that hit every part of government next friday. >> there is a smarter way to do this, to reduce our deficits without harming our economy. >> reporter: he's talking about more than $1 trillion in painful cuts that can still be avoided if congress reaches agreement on deficit reduction. the package of cuts came from the 2011 debt ceiling deal, and it was never meant to go into effect. during the presidential campaign, mr. obama said
threat of these cuts not well thought through, not smart, not fair, hurt our economy. this is not an abstraction. people will lose their jobs. >> that's a shortened version of what the president had to say. let's go in depth with our chief white house correspondent, jessica yellin, who is here. this is a big issue right now. >> it really is, wolf. and it's just ten days now until these forced budget cuts go into effect. top administration officials tell me, if that happens, the...
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Feb 19, 2013
02/13
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. >> fuel economy is rising, people are reacting. things are moving in the right direction on that front. >> the number of people who own a chevy volt small but growing. >> we're growing and we've mandated big improvements in fuel economy so people might over time be saving money even if gas prices go up because they're using less per gallon. >> let's talk about what's trending online, hackers having a beef with burger king, bk, say it's not so. people hacking into the fast food chain's twitter page swapping the golden arches of mcdonalds for the burger king logo, made it seem burger king had been bought out by mcdonald's. >>> michael jackson's oldest son prince may be the next king of entertainme entertainment. his first assignment on "entertainment tonight" the great and powerful, remember his father played the scarecrow in "the wiz" with diana ross. 16 years old, already a correspondent. >> the anthem is classic. >> i feel confident he'll do just fine. >>> ahead on "starting point" we're following developing stories on the oscar p
. >> fuel economy is rising, people are reacting. things are moving in the right direction on that front. >> the number of people who own a chevy volt small but growing. >> we're growing and we've mandated big improvements in fuel economy so people might over time be saving money even if gas prices go up because they're using less per gallon. >> let's talk about what's trending online, hackers having a beef with burger king, bk, say it's not so. people hacking into the...
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Feb 20, 2013
02/13
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tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney pointed to the grand bargain mr. obama failed to reach with house speaker john boehner two careers ago. >> when you ask where's the president's plan, it's been there. it's at whitehouse.gov. >> a budget plan for the long term, where is -- >> the president -- >> the president take the lead and -- >> first of all, congress has to act. >> reporter: less than two months since the fiscal cliff that resulted in tax increases on wealthy americans. boehner notes the idea for the automatic cuts originated in the white house adding mr. president, we agree that your sequester is bad policy. what spending are you willing to cut t
tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney...
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Feb 20, 2013
02/13
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that's -- how bad is the economy that you've got to take a job like that? 16-year-old boys are the worst customers in the world. they're laughing. they're throwing quarters at them. they don't appreciate it. >> wendy, we're laughing. it sounds funny. do you see this as kind of a serious big no-no, too? >> there are two points i need to make right now. one is this mom is obviously doing as she once did because she's 33 years old and has a 16-year-old which means she was pregnant at 16. okay, first thing. enough said. and the second thing is because our culture has become so highly sexualized and we're using sexy bodies to sell these kids pretty much any product and half of them are naked on facebook, nobody polices that, she sort of lost sight about where the laws are in our culture. and i think facebook should get on and taking the six packs and eight packs of 12-year-old boys off facebook and the little girls with the cleavage when they're 13 and the duck face, they have to go. >> words of which isdom by wend there. all right. tom, chris, lani, wendy, than
that's -- how bad is the economy that you've got to take a job like that? 16-year-old boys are the worst customers in the world. they're laughing. they're throwing quarters at them. they don't appreciate it. >> wendy, we're laughing. it sounds funny. do you see this as kind of a serious big no-no, too? >> there are two points i need to make right now. one is this mom is obviously doing as she once did because she's 33 years old and has a 16-year-old which means she was pregnant at...
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Feb 23, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cuts over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced budget cut were created during the 2011 debt ceiling debacle passed by congress and signed by the white house. a worst case scenario that would be so bad, it would force lawmakers to make a deal. now it's become a poison pill that the nation may have to swallow beginning march 1st. and if it happens it, 70,000 children kicked off head start programs putting more than 14,000 teaching and staff jobs at risk. fewer inspections for things like horse meat in your burgers. cuts to mental health programs mean almost 400,000 seriously mentally ill
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cuts over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced...
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Feb 23, 2013
02/13
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CNNW
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. decolletage, decollet >>> he was one of the biggest starts to emerge from last summer's olympic games, now, oscar pistorius, also known as "the blade runner" is charged with murdering his girlfriend. his bail hearing was full of drama, from pistorius breaking down emotionally to a detective getting pulled from the case after his own unrelated murder charges came to light. and it all culminated with the judge's ruling. >> the affidavit, and the way that he did, placing it before the court, together with the fact that none of the factors that need to be established have been established, i come to the conclusion that the accused has made a case to be released on bail. >> now, from johannanesburg, where do you think we go from here? how long before the actual trial, for examp
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. decolletage, decollet >>> he was one of the biggest starts to emerge from last summer's olympic games, now, oscar pistorius, also known as "the blade runner" is charged with...
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Feb 19, 2013
02/13
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CSPAN2
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that is the major problem that goes to so many things to the economy of course is a jackson the cost of medicine and it's a detriment to many of our constituents, so i just -- would you give me something back on that to let me know how deep he went into it? one of the things i think the chairman was saying making a part of our inquiry this session the next two years is looking not only at the fda piece of this but looking at this whole thing of the grey market. so i would like to sit down with you if you haven't delved into this and see where, you know, what we might be able to do it together to try to get to the bottom of that because it is a very, very serious problem. a lot of americans do not even know about it. but it's very serious. i want to very briefly go to this whole issue of climate change. the federal guard or the government has a number of efforts under way to decrease domestic greenhouse gas emissions. the success of the gas emission reduction efforts to pay is in large part on the international efforts. however, limiting the fiscal exposure to climate change risks wil
that is the major problem that goes to so many things to the economy of course is a jackson the cost of medicine and it's a detriment to many of our constituents, so i just -- would you give me something back on that to let me know how deep he went into it? one of the things i think the chairman was saying making a part of our inquiry this session the next two years is looking not only at the fda piece of this but looking at this whole thing of the grey market. so i would like to sit down with...
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Feb 19, 2013
02/13
by
FBC
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >>i. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >>ou just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that'shy you need lifelo to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked.
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >>i. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >>ou just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining...
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Feb 19, 2013
02/13
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FBC
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dennis: you the economy. you talk about a path to prosperity with four keys to getting through washington. tell us about it. >> the first is the fed continues to be very accommodating. that will last through the year. will it be a different situation a year from now? we also have a housing recovery that is sustainable and has been very gradual which means i think it should have a long duration. the energy story in the u.s. is not over. i think it is just beginning to blossom and that is going to help the energy sector and a variety of other sectors including manufacturing because we are the low-cost producers and that is going to be part of the story as to why u.s. manufacturing is on the rebound. both cyclically land on a secular basis. dennis: thank you very much. neither one of you have convinced me to sell. thanks,. cheryy: health care provider stocks have taken a big hit following a new report out of a government agency proposing lowering medicare rates next year. dennis: peter barnes joins us from the b
dennis: you the economy. you talk about a path to prosperity with four keys to getting through washington. tell us about it. >> the first is the fed continues to be very accommodating. that will last through the year. will it be a different situation a year from now? we also have a housing recovery that is sustainable and has been very gradual which means i think it should have a long duration. the energy story in the u.s. is not over. i think it is just beginning to blossom and that is...
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Feb 19, 2013
02/13
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FBC
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that has impact on economy in general. if you're spending that kind of money on putting gas in your tank, you're not spending it on anything else you like to spend it on. that doesn't say anything more than the picture of the chicago carriage cab lot. you can't afford to make money and drive a cab, you leave it parked. >> it makes you cranky, jeff flock. i was not happy this morning. i paid 3.70. i guess i should be thankful still. >> you got a break.% tracy: you should get warm, jeff. thank you. ashley: tracy cranky, that's terrible. my next guest says there is no relief in sight for the pain at the pump. sorry, trace. tracy: i know. ashley: he says price are headed back to record levels in july 2008. when prices were $4.11. we have professor at duquesne university, consent moores. professor moores, i wish you had better news. why do you think we'll see these prices move even higher? >> there are a number of elements going on here and the first of course is the rising cost of crude oil. despite the fact we're actually sec
that has impact on economy in general. if you're spending that kind of money on putting gas in your tank, you're not spending it on anything else you like to spend it on. that doesn't say anything more than the picture of the chicago carriage cab lot. you can't afford to make money and drive a cab, you leave it parked. >> it makes you cranky, jeff flock. i was not happy this morning. i paid 3.70. i guess i should be thankful still. >> you got a break.% tracy: you should get warm,...
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Feb 19, 2013
02/13
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FOXNEWS
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> reporter: mr. obama wants a combination of tax revenue and spending cuts, but republicans say any new tax revenue should be used to lower overall rates for everyone, shepherd. >> the simpson-bowles commission with a new plan. what's the reaction to that. >> reporter: the white house loves that the plan calls for new tax revenue, but officials not showing much enthusiasm for the much deeper cuts in health care spending that the president wants. former white house chief of staffer bowles and simpson, a republican from wisconsin, say -- wisconsin wisconsin were close to a deal. their legacy is on the line. >> i don't know when it will happen, but it will happen in these four years or he has no legacy at all. if he can't cut the mustard with solvency of social security under honest appraisals of the trustees and
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> reporter: mr. obama wants a combination of tax revenue and spending cuts, but republicans say any new tax revenue should be used to lower overall rates for everyone, shepherd. >> the simpson-bowles commission with a new plan. what's the reaction to that. >> reporter: the...
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Feb 19, 2013
02/13
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FOXNEWS
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and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement. angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draining the equity in jack's home. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. see, ordinary credit monitoring services tell you after your identity has been stolen. they may take 30 days to alert you-- too late for jack. lifelock ha
and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement....
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Feb 19, 2013
02/13
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they could bring the economy to its knees. >> exactly. it's pretty funny that the president, time and again, has said, well, we don't fear china's peaceful rise. i mean, china, of course is going to appear -- it's just looking out for china's best interest. when you're as rich as china is today, there is a lot of things you can do beyond just buying real estate in the big apple. >> gretchen: the question that is begged to be asked f china is doing this through their military, is it a good time for us to be cutting back then on our military spending to try and fight off things like this? >> well, no. it's not. and it's another reason why it would be best if all parties, all political parties and all political figures were in town actually gotting the job of putting this economy back together done. i mean, glad everyone is taking breaks and on vacation, but i mean, we got a real problem on our hands. we have several crises about to hit this country all at one time. we have things like the tuition debt bomb with all these kids with student l
they could bring the economy to its knees. >> exactly. it's pretty funny that the president, time and again, has said, well, we don't fear china's peaceful rise. i mean, china, of course is going to appear -- it's just looking out for china's best interest. when you're as rich as china is today, there is a lot of things you can do beyond just buying real estate in the big apple. >> gretchen: the question that is begged to be asked f china is doing this through their military, is it...
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Feb 18, 2013
02/13
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KCSMMHZ
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they are also watching for signs of pickup in the japanese economy. nhk world, singapore. >>> australia is a nation of immigrants and active in helping refugees. the nation received more than 10,000 people in need of humanitarian assistance every year over the past decade. but the increasing financial burden push the its prime minister to review the generous policy. the move has met with criticism as well as support. it's likely to become a focal point in the upcoming september election to choose federal lawmakers. we have the story from sidney. >> reporter: this refugee from afghanistan, the 19-year-old came to australia by boat in may of 2010 after the taliban killed his brother and sister. the four month journey took him through malaysia and indonesia. then for final week he was packed on to a small vessel with 30 people. he lost 10 kilograms by he arrived at a remote australian island. he took the risk because he saw australia as his only chance for survival. he worked hard to graduate from high school. he hopes to go to university to study law. h
they are also watching for signs of pickup in the japanese economy. nhk world, singapore. >>> australia is a nation of immigrants and active in helping refugees. the nation received more than 10,000 people in need of humanitarian assistance every year over the past decade. but the increasing financial burden push the its prime minister to review the generous policy. the move has met with criticism as well as support. it's likely to become a focal point in the upcoming september...
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Feb 21, 2013
02/13
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KCSMMHZ
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. >> reporter: vietnam's economy is racing ahead. but not everybody is moving forward. streets in hanoi are full of cars and motor bikes. across the country, factories pour harmful substances into the environment. this river running through the capital is dangerously contaminated. harmful chemical readings are 30 times higher than the maximum alould allowed by the government. people living down stream are suffering the consequences. this man and his wife while born and raised in this village. they are farmers who survive by growing rice and other crops. his legs are the result of years walking in the rice patties. a government investigator told him chemicals are in the water to blame. >> translator: the water i fill my patties with is black. my legs itch from working in the rice fields. water shouldn't be black. but i have no choice but to use that terrible water for farming. >> reporter: he worries about pollution. a new deal originating in japan is gaining public attention. the japan international cooperation agency is encouraging japanese companies to start environme
. >> reporter: vietnam's economy is racing ahead. but not everybody is moving forward. streets in hanoi are full of cars and motor bikes. across the country, factories pour harmful substances into the environment. this river running through the capital is dangerously contaminated. harmful chemical readings are 30 times higher than the maximum alould allowed by the government. people living down stream are suffering the consequences. this man and his wife while born and raised in this...
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Feb 20, 2013
02/13
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KGO
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they will hurt our economy, they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> reporter: and we now face cuts of $85 billion in one fell swoop. that's less than 3% of the budget, but the white house says virtually everybody will be hurt and will see long lines as tsa agents are furloughed, 1,000 fbi and other law enforcement agents forced off the job and 70,000 preschoolers dropped from the head start program. you'd think that would prompt emergency meetings between congress and the white house, but you'd be wrong. has the president had a single face-to-face meeting with the republican leaders since january 1st about averting these spending cuts? >> i don't have any meetings to read out to you. again, we don't report every meeting, every conversation. >> reporter: in fact, the answer, according to sources on both sides, is that there have been no meetings between the president and republican leaders -- not one. and now virtually everybody agrees that these cuts are almost certain to go into effect in j
they will hurt our economy, they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> reporter: and we now face cuts of $85 billion in one fell swoop. that's less than 3% of the budget, but the white house says virtually everybody will be hurt and will see long lines as tsa agents are furloughed, 1,000 fbi and other law enforcement agents forced off the job and 70,000 preschoolers dropped from the head start...
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Feb 19, 2013
02/13
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KGO
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economy. in short, u.s. investigators have accused china of economic espionage, of stealing research and design. this allows them to compete without spending billions on innovation and product development. if this is true, americans should care because it's costing them countless jobs. u.s. officials are calling this the greatest illegal transfer of wealth in history. >> and pierre, we've seen the defense secretary leon panetta talking about cyber pearl harbors. and the white house is preparing to take action. >> reporter: this week, they are announcing plans to help private companies in identifying and mitigating such attacks, george. >>> we're going to go to the white house, where president obama will appear later this morning, to warn against the next budget crisis that's coming fast. automatic spending cuts to hit every government program in just ten days. abc's jon karl has more on what we expect to hear from the president. good morning, jon. he's going to ratchet up the pressure on congress. >> reporte
economy. in short, u.s. investigators have accused china of economic espionage, of stealing research and design. this allows them to compete without spending billions on innovation and product development. if this is true, americans should care because it's costing them countless jobs. u.s. officials are calling this the greatest illegal transfer of wealth in history. >> and pierre, we've seen the defense secretary leon panetta talking about cyber pearl harbors. and the white house is...
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Feb 20, 2013
02/13
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KGO
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they will hurt our economy and add hundreds of thousands of american to the unemployment roles. people will lose their jobs. >> reporter: we now face cuts of $85 billion in one fell swoop. that's less than 3% of the budget, but the white house says virtually everybody will be hurt and we'll see long lines as tsa agents are furloughed. 1,000 fbi and other law enforcement agents forced off the job. and 70,000 preschoolers dropped from the head start program. you would think that would prompt emergency meetings between congress and the white house, but you would be wrong. >> has the president had a single face-to-face meeting since january 1 about averting these spending cuts? >> i don't have any meetings to read out to you. >> reporter: in fact, the answer according to sources on both sides is there have been no meetings between the president and congressional republicans, not one. now virtually everyone agrees that those cuts are almost certain to go into effect one week from friday. jonathan karl, abc news, the white house. >> you know, we've heard about this over and over and o
they will hurt our economy and add hundreds of thousands of american to the unemployment roles. people will lose their jobs. >> reporter: we now face cuts of $85 billion in one fell swoop. that's less than 3% of the budget, but the white house says virtually everybody will be hurt and we'll see long lines as tsa agents are furloughed. 1,000 fbi and other law enforcement agents forced off the job. and 70,000 preschoolers dropped from the head start program. you would think that would...
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Feb 23, 2013
02/13
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KNTV
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economy. this is the first time such a group has been tracked right to the doorstep of the people's liberation army. the shanghai group is not the first to be accused of cyber theft. >> it's scary. i mean, this is the problem. it's scarey. >> brian shields, a computer security specialist suspected the chinese of hacking into his company as early as 2004. he worked for nortel, a giant canadian telecommunications company. a success story, nortel made cell phone equipment and at its height the company employed 20,000 people in the u.s. >> how can you compete when the other guys aren't competing the same way. >> here's how shields says his company got hacked. a nortel employee saw, it was downloaded by brian mcfadden. >> he noticed that mr. mcfadden had downloaded some documents and when he got the email back and said i don't know what you're talking about. >> so it was mcfadden downloading documents, but it wasn't actually mcfadden. >> that's correct. >> hunting for the culprit, shields' team fol
economy. this is the first time such a group has been tracked right to the doorstep of the people's liberation army. the shanghai group is not the first to be accused of cyber theft. >> it's scary. i mean, this is the problem. it's scarey. >> brian shields, a computer security specialist suspected the chinese of hacking into his company as early as 2004. he worked for nortel, a giant canadian telecommunications company. a success story, nortel made cell phone equipment and at its...